What is Scotiabank’s Forecast for TSE:LIF FY2024 Earnings?

Labrador Iron Ore Royalty Co. (TSE:LIF) – Equities research analysts at Scotiabank reduced their FY2024 earnings per share (EPS) estimates for shares of Labrador Iron Ore Royalty in a research report issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings of $3.02 per share for the year, down from their previous forecast of $3.14. The consensus estimate for Labrador Iron Ore Royalty’s current full-year earnings is $3.74 per share. Scotiabank also issued estimates for Labrador Iron Ore Royalty’s FY2026 earnings at $2.73 EPS.

Labrador Iron Ore Royalty Trading Down 1.2 %

Shares of LIF stock opened at C$29.48 on Thursday. Labrador Iron Ore Royalty has a twelve month low of C$28.48 and a twelve month high of C$33.97. The stock has a market cap of C$1.89 billion, a P/E ratio of 8.88, a P/E/G ratio of 0.94 and a beta of 1.10. The stock has a 50 day moving average of C$29.59 and a 200 day moving average of C$30.27.

Labrador Iron Ore Royalty Company Profile

Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company generates all of its revenue from its equity investment in Iron Ore Company of Canada, (IOC) and its IOC royalty and commission interests. IOC operates a major iron mine near Labrador City, Newfoundland, and Labrador on lands leased from LIORC.